The Marginal Factor Cost of Labor for a Monopsonist Is

question 67

Multiple Choice

The marginal factor cost of labor for a monopsonist is

• A)equal to the wage rate because if the monopsonist wants to hire another worker, it can do so at the old wage rate.
• B)less than the wage rate because if the monopsonist wants to hire another worker, it has to raise the wage rate paid to all workers.
• C)less than the wage rate because if the monopsonist wants to hire another worker, it has to lower the wage rate paid to all workers.
• D)greater than the wage rate because if the monopsonist wants to hire another worker, it has to raise the wage rate paid to all workers.

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